WATCH | Pakistani nationals protest outside IMF & World Bank, urges them not to grant loan to Pak govt
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Islamabad, Mar 15: In a very unusual development, Pakistani nationals in the United States are holding a protest outside the International Monetary Fund & World Bank headquarters in Washington urging them not to grant loans to Pakistan.
These protests were marked by Pakistanis democratically enjoying Iftaar outside the World Bank & IMF. Apart from this, there were posters showcased of Pakistan Army Generals in memes accusing them of financial misappropriation at the expense of the Pakistani people.
Pakistanis abroad are holding a protest outside IMF & World Bank HQs asking them not to grant loans to Pakistan. Pakistanis democratically enjoying Iftaar outside the World Bank & IMF. Look at the posters of Pakistan Army Generals who have usually looted money from Pakistanis. pic.twitter.com/xkfZLX9AEc
— Aditya Raj Kaul (@AdityaRajKaul) March 15, 2024
IMF's Visit Pakistan To Review Economic Condition
The International Monetary Fund (IMF) mission was scheduled to arrive in Pakistan on Wednesday to conduct an economic review of the USD 3 billion Stand-By Arrangement (SBA), reported news agency ANI.
According to the report by ANI, the review discussions will be happening from March 14 to 18. Muhammad Aurangzeb, the newly-elected Finance Minister, has agreed to engage in talks with the IMF to secure the agreement and a new loan program.
IMF Expresses Readiness For 2nd Economic Review
Earlier, on March 8, the IMF expressed readiness to dispatch a mission to Islamabad for the second economic review post the formation of Prime Minister Shehbaz Sharif's cabinet. The IMF Director of Communications highlighted that the current priority is the completion of the ongoing Stand-By Program, set to conclude in April 2024, according to ARY News.
Additionally, a mission for the second review of the Stand-By Program will be sent promptly after the formation of Pakistan's new cabinet.